2022
Flag  
GDP
$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
 GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 186
2022
Flag
GDP PC 
$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH
7.9%CURRENT US$
Rnk 123 / 186
2022
Flag
GDP PC
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186

About

Cyprus-Estonia Trade: In 2022, Cyprus exported $15.7M to Estonia. The main products that Cyprus exported to Estonia were Packaged Medicaments ($5.02M), Passenger and Cargo Ships ($3.89M), and Semiconductor Devices ($2.1M). Over the past 5 years the exports of Cyprus to Estonia have increased at an annualized rate of 17.4%, from $7.01M in 2017 to $15.7M in 2022.

In 2020, Cyprus exported services to Estonia worth $1.14M, with Financial services ($1.14M) being the largest in terms of value.

Estonia-Cyprus Trade: In 2022, Estonia exported $15.9M to Cyprus. The main products that Estonia exported to Cyprus were Chemical Analysis Instruments ($2.17M), Sawn Wood ($1.8M), and Passenger and Cargo Ships ($1.32M). Over the past 5 years the exports of Estonia to Cyprus have decreased at an annualized rate of 18.9%,  from $45.1M in 2017 to $15.9M in 2022.

In 2020, Estonia exported services to Cyprus worth $40.8M, with Transportation ($19.5M), Other business services ($9.02M), and Computer and information services ($7.88M) being the largest in terms of value.

Comparison In 2022,  Cyprus ranked 125 in total exports ($4.91B). That same year, Estonia ranked 74 in total exports ($23.1B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cyprus exported $15.7M to Estonia. The main products exported from Cyprus to Estonia were Packaged Medicaments ($5.02M), Passenger and Cargo Ships ($3.89M), and Semiconductor Devices ($2.1M). During the last 5 years the exports of Cyprus to Estonia have increased at an annualized rate of 17.4%, from $7.01M in 2017 to $15.7M in 2022.

In 2017, Estonia exported $15.9M to Cyprus. The main products exported from Estonia to Cyprus were Chemical Analysis Instruments ($2.17M), Sawn Wood ($1.8M), and Passenger and Cargo Ships ($1.32M). During the last 5 years the exports of Estonia to Cyprus have decreased at an annualized rate of 18.9%, from $45.1M in 2022 to $15.9M in 2017.

Exports from Cyprus (Flag) to Estonia (Flag) (2022)

Exports from Estonia (Flag) to Cyprus (Flag) (2022)

Latest Data

Trade between Cyprus (Flag) and Estonia (Flag)

Cyprus Exports

Estonia Exports

Market Competitiveness

Color
Cyprus
Top Destination
Hong Kong$482M
Estonia
Top Destination
Finland$3B

This map shows whether countries import more from Cyprus or Estonia. Each country is colored based on the difference in imports they receive from Cyprus and Estonia or the difference in the growth in imports.

In 2022, countries that imported more from Cyprus than Estonia included Hong Kong ($482M), Greece ($471M), and Lebanon ($329M).

In 2022, countries that imported more from Estonia than Cyprus included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

Difference in imports from Estonia (Flag) and Cyprus (Flag) (2022)

Comparative Advantage Cyprus - Estonia

Flow
Scale

This chart compares trade between Cyprus and Estonia by product, considering products traded by both, Cyprus and Estonia.

During 2022, Cyprus had a large net trade with Estonia in the exports of Chemical Products ($5.07M), Transportation ($4M), and Machines ($2.4M).

During 2017, Estonia had a large net trade with Cyprus in the exports of Instruments ($3.9M), Wood Products ($3.37M), and Transportation ($2.7M).

Bilateral Service Trade

In 2020, Cyprus exported services to Estonia worth $1.14M, with Financial services ($1.14M) being the largest in terms of value.

In 2020, Estonia exported services to Cyprus worth $40.8M, with Transportation ($19.5M), Other business services ($9.02M), and Computer and information services ($7.88M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Cyprus (Flag) to Estonia (Flag) (2020)

Services Exports from Estonia (Flag) to Cyprus (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Cyprus and Estonia. This means that a dot/product with the flag of Cyprus indicates it has a comparative advantage over Estonia. Similarly, a dot/product with the flag of Estonia indicates it has a comparative advantage over Cyprus.

Product Space of Cyprus (Flag) and Estonia (Flag) (2022)

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